This will be Eliasi’s sixth loan through Tujijenge Tanzania; his previous loans were all paid back successfully. He is applying for a 6,590,000 TZS to be shared by his loan group "Faith," which totals fifteen members who will hold each other accountable for paying back the loan.
With his previous loan portions Eliasi added a super-sport dish for football fans and other related games and programs to attract more customers. He also restocked food items like sodas, water, juices, meat, fish and bananas .
With his profits he bought a plot of land upon which he expects to start building, covered school fees and bought a cupboard for his home. He plans to use this loan to repair his business premises and restock inventory. His ambition is to be able to build a house and expand his businesses.
About Tujijenge TanzaniaThis loan is administered by Tujijenge Tanzania, which was founded in 2006. It has operations in Dar es Salaam, the coastal region, and the Lake Victoria region. The organization aims to reach out to micro entrepreneurs and provide them with financial and social intermediation services because capital is one of the major barriers to development and success for micro-enterprise initiatives in Tanzania.
For more information on Tujijenge Tanzania, please visit its partner page, or join its lending team.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid